Other Bank Facilities Sample Clauses

Other Bank Facilities. The Authority shall not enter into or become liable under any other Bank Agreements in connection with the Authority’s general obligation debt unless the obligations to the Bank under this Agreement and the Bank Note are at least pari passu with the obligations under the other bank facility, both in right of payment and with respect to any lien on or pledge.
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Other Bank Facilities. (e) Indebtedness of the Borrower existing on the date hereof and reflected on the financial statements furnished pursuant to Section ARTICLE III.1.11 (Financial Condition);
Sample 1
Other Bank Facilities. In the event the District shall enter into any Bank Agreement which Bank Agreement provides the Bank Agreement Provider with (i) covenants of the District not included in this Agreement, (ii) covenants of the District which are included in this Agreement but which are significantly more favorable to the Bank Agreement Provider, (iii) events of default not included in this Agreement (other than additional events of default the remedy for which is in an immediate termination or suspension of the obligations of the Bank Agreement Provider), (iv) events of default which are included in this Agreement but which are more favorable to the Bank Agreement Provider (e.g.. shorter cure periods) and/or (v) collateral in addition to a pledge of Revenues (collectively, the “Additional Rights”), then the Additional Rights shall automatically be incorporated into this Agreement and the Bank shall have the benefit of such the Additional Rights as soon as such Bank Agreement becomes effective. Promptly following the District’s execution and delivery of a Bank Agreement containing the Additional Rights, the District shall give the Bank written notice thereof and the District shall enter into an amendment to this Agreement to include such Additional Rights, provided that the Bank shall maintain the benefit of such Additional Rights even if the District fails to provide such amendment. If the District shall amend the Bank Agreement such that it no longer provides for such Additional Rights or if the Bank Agreement terminates, then, without the consent of the Bank, this Agreement shall automatically no longer contain the Additional Rights and the Bank shall no longer have the benefits of any of the Additional Rights. In the event that the District shall enter into any Bank Agreement which provides that the District shall repay the obligations thereunder that are secured by Revenues over a period of time that is shorter (such shorter amortization period, the “Shorter Amortization Period”) than the amortization period provided herein (the “Existing Amortization Period”), this Agreement shall automatically be deemed amended so that the Existing Amortization Period shall become the Shorter Amortization Period. Promptly following the District’s execution and delivery of a Bank Agreement containing a Shorter Amortization Period, the District shall give the Bank written notice thereof and the District shall enter into an amendment to this Agreement to include such Shorter Amortization...
Sample 1

Related to Other Bank Facilities

  • Credit Facilities 15 2.1 Revolving Loans.....................................................................................15 2.2 Letter of Credit Accommodations.....................................................................17

  • Other Facilities This Agreement reserves in each party the power to establish a temporary holding facility during a pandemic, riot, civil disobedience or natural disaster, to establish group homes or other care or rehabilitation facilities in furtherance of a social service program, to temporarily transfer Inmates to alternative detention facilities in order to respond to Xxxx overcrowding, a public health directive, or to comply with a final order of a federal court or a state court of record for the care and treatment of Inmates.

  • Facilities Keep all properties useful or necessary to Borrower's business in good repair and condition, and from time to time make necessary repairs, renewals and replacements thereto so that such properties shall be fully and efficiently preserved and maintained.

  • Facility Prudential is willing to consider, in its sole discretion and within limits which may be authorized for purchase by Prudential Affiliates from time to time, the purchase of Shelf Notes pursuant to this Agreement. The willingness of Prudential to consider such purchase of Shelf Notes is herein called the “Facility”. At any time, the aggregate principal amount of Shelf Notes stated in Section 1.2, minus the aggregate principal amount of Shelf Notes purchased and sold pursuant to this Agreement prior to such time, minus the aggregate principal amount of Accepted Notes (as hereinafter defined) which have not yet been purchased and sold hereunder prior to such time, is herein called the “Available Facility Amount” at such time. NOTWITHSTANDING THE WILLINGNESS OF PRUDENTIAL TO CONSIDER PURCHASES OF SHELF NOTES BY PRUDENTIAL AFFILIATES, THIS AGREEMENT IS ENTERED INTO ON THE EXPRESS UNDERSTANDING THAT NEITHER PRUDENTIAL NOR ANY PRUDENTIAL AFFILIATE SHALL BE OBLIGATED TO MAKE OR ACCEPT OFFERS TO PURCHASE SHELF NOTES, OR TO QUOTE RATES, SPREADS OR OTHER TERMS WITH RESPECT TO SPECIFIC PURCHASES OF SHELF NOTES, AND THE FACILITY SHALL IN NO WAY BE CONSTRUED AS A COMMITMENT BY PRUDENTIAL OR ANY PRUDENTIAL AFFILIATE.

  • Working Facilities During the Term of Employment, the Company shall furnish the Executive with an office, secretarial help and such other facilities and services suitable to his position and adequate for the performance of his duties hereunder.

  • Refinancing Substantially simultaneously with the funding of the Initial Term Loans, the Closing Date Refinancing shall be consummated.

  • DTC Facility The Company shall cooperate with Manager and use its reasonable efforts to permit the Shares to be eligible for clearance and settlement through the facilities of DTC.

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